This property looks like a bad Mid-Term investment with a projected -18.17% first-year return on $323k initial cash invested.
-18.17%
Cash On Cash
2.43%
Cap Rate
0.39
DSCR
$6,225
Rent
-$4,894
Cashflow
Cash Flow
$6,225 income − $11,119 expenses = $4,894 out of pocket
Investment Breakdown
|
Purchase Price
$1454k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$323k
Downpayment
20%
$291k
Closing costs
1%
$14,538
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,225
Total Expenses
$11,119
Mortgage P&I
122%
$7,591
Property Taxes
14%
$888
Home Insurance
8%
$523
HOA
0%
$0
Property Management
12%
$747
CapEx
4%
$249
Vacancy
3%
$187
Maintenance
4%
$249
Other
11%
$685